that in the set of his jaw and the dancing light in his eyes which made him look immensely formidable. The second was that he knew something about the Daphne Concession which others did not know, and knew it with absolute certainty. As I went to bed it suddenly occurred to me that he might have got this knowledge at Flambard, but as to its nature I could make no guess.

2

Chapter

I did not meet Tavanger again till the week after Christmas. An unexpected piece of business had brought me up from Devonshire, and it lasted so long that I was forced to spend the night in Town. It was that dead patch at the end of December when London seems more deserted than in August, and, since I felt disinclined to face the howling desert of a club, I dined at the Savoy. There I found Tavanger marooned for the same cause. He had been shooting in Norfolk, and had been dragged up to an urgent conference.

He looked a different man from my last recollection of him—leaner in body, thinner in the face, deeply weathered, with the light patches round the eyes which you get from long blinking in a strong sun. I asked him what he had been doing with himself, and he laughed.

'Wait till I have ordered my dinner and I'll tell you. I'm short of good food and trying to make up for it. I want to get my teeth into decent beef again … What about wine? It's cold enough for Burgundy.'

When he had arranged a menu to his satisfaction he began an account of his recent doings. It lasted through the meal and long afterwards over a pipe in my rooms. Tavanger was a good narrator in his dry way, and instead of an evening of sleepy boredom I had excellent entertainment, for I heard a tale of activities which few middle-aged men would have ventured upon …

Having got a list of the chief shareholders in Daphne Concessions, he set out to bargain for their holdings in the speediest way, by personal visitation. I gathered that time was of the essence of the business.

First of all he flew to Berlin. There he had an interview with the president of one of the big air services, and, having a good deal of purchase, obtained certain privileges not usually granted to the travelling public.

The said president gave a dinner for him at the Adlon, at which he met two people with whom he had long conversations. One was Dilling, the airman, one of the few German aces who had survived the War, who was now busy blazing the trails in commercial aviation. He was specialising at the moment in trans-African flights, and hoped to lower the record from Europe to Cape Town. Tavanger made friends with Dilling, who was a simple soul wholly engrossed in his profession.

The other guest was Sprenger, the metallurgical chemist who had first discovered the industrial uses of michelite. Sprenger was an untidy little man of about sixty, the kind of genius who has never reaped the fruit of his labours and is inclined to be peevish. But he went on doggedly with these labours under considerable difficulties, living on certain small fees for patent rights and on a modest salary paid him by the not very flourishing Rosas- Sprenger company. Tavanger had a remarkable gift of winning people's confidence, and he made Sprenger talk freely, since the latter had no notion that his companion had any michelite interests, though he showed an intelligent appreciation of the metal's possibilities.

Three things Tavanger discovered. The first was that Sprenger was ill-informed about the Daphne Concessions, from which it might be deduced that his company was equally in the dark. Therefore no immediate competition for the Daphne shares need be looked for from that quarter. The second was that he was desperately loyal to his own company, and would never be seduced into a rival concern. This solved one problem for Tavanger, who had been ready to pay a considerable price for Sprenger's services. The third was that the little chemist was toiling away at michelite problems, especially the major difficulty of the smelting costs, and was inclined to hope that he was on the brink of a great discovery. Any such discovery would of course belong to his company, but Tavanger ascertained that the Rosas-Sprenger had an agreement with the Anatilla to pool any devices for lessening costs. The Anatilla no doubt provided some of the working capital which enabled the German company to experiment.

The dinner convinced Tavanger that there was no time to be lost. He flew to Salonika by the ordinary Middle East service, and then changed into a seaplane which took him to Crete. The famous antiquary, Dr Heilbron, was busy there with his Minoan excavations. Heilbron had some years before been engaged in investigating the Zimbabwe remains, and had spent a considerable time in Rhodesia. For some reason or other he had been induced to put money into Daphne Concessions at the start, and owned a block of five thousand shares which he had almost forgotten about.

I could guess at the masterly way in which Tavanger handled Heilbron and got what he wanted. He appeared to be the ordinary traveller, who had dropped in on his way to Egypt to get a glimpse of the antiquary's marvellous work. Being well read, he no doubt talked intelligently on the Minoan civilisation. He let drop that he was a businessman with South African interests, and drew from Heilbron the story of his Daphne investment. The antiquary was comfortably off, but excavation consumes a good deal of money, and he seems to have jumped at Tavanger's offer to buy his shares, which he had long ago written off as worthless when he thought of them at all. Tavanger offered a good price for them, but insisted on Heilbron consulting his stockbroker. The answer was favourable, and the transfer was arranged by cable.

While in Crete Tavanger received another cable which perturbed him.

The big block of Daphne shares which he had acquired was not all in his own name; the registered holders of a third were his nominees and quite obscure people. This had been done with a purpose. He wanted to know if the Anatilla people were coming into the market; if they did, they were not likely to approach him in the first instance, but to go for the humbler holders. The cable told him that an offer had been made to one of his nominees—a handsome offer—and that this had been traced by his intelligence department as coming through two firms who were known to handle a good deal of Glaubsteins' European business.

Tavanger had had a long experience of Glaubsteins' methods, and he was aware that they did not enter any market for fun. If they were buyers of Daphnes at all they were out for complete control, and, being people of his own stamp, would not let the grass grow under their feet.

They had obviously started on the road which was to lead to a great combine. The bulk of the shareholders were in South Africa, and he was morally certain that at this moment representatives of Glaubsteins' were on steamers bound for the Cape. Well, it behoved him to get there before them, and that could not be done by returning to England and embark-ing in a South African boat. No more could it be done by the Messageries line and the East African route. A bolder course was required, and, faced with apparently insurmountable difficulties, Tavanger began to enjoy himself.

He cabled to the Aero president in Berlin and to Dilling, and then set his face for Egypt. Here he struck a snag. There was no direct air line from Crete to Cairo, and if he went back to Salonika the journey would take him six days. But he managed to pick up a coasting steamer from the Piraeus, and by bribing the captain induced it to start at once. The weather grew vile, and the wretched boat took five days to wallow through the Eastern Mediterranean, while Tavanger, a bad sailor, lay deathly sick in a smelly cabin. He reached Cairo, pretty much of a physical wreck, only one day earlier than by the comfortable Salonika route.

But, as it happened, that one day made all the difference, for it enabled him to catch Dilling before he started on his southward journey. With Dilling he had all sorts of trouble, for the airman, in spite of the recommendation of the Aero president, showed himself most unwilling to take a passenger. He was flying a new type of light machine, and he wanted as his companion a skilled mechanic. I don't know how Tavanger managed to overcome his reluctance; he called in some of his airmen friends at the Cairo station, and he got the British authorities to make an international favour of the thing, but I fancy the chief weapons were his uncommon persuasive power and his personal magnetism. Anyhow, after a hectic afternoon of argument, Dilling consented.

Then began a wild adventure. Tavanger had never flown much, only pottered between Croydon and the continent, and now he found himself embarked on a flight across the wildest country on earth, with a pilot who was one-fourth scientist and three-fourths adventurer, and who did not value his own or anybody else's life at two pins. Tavanger admitted to me that at first his feet were cold. Also, Dilling on a big flight was a poor companion. His eagerness affected his temper, and his manners were those of a slave-driver and his conversation mostly insults.

As long as they were in the Nile Valley things went well enough. But in the basin of the Great Lakes they ran into a chain of thunderstorms, and after that into head-winds and massive sheets of rain. The bucketing they got played the deuce with the light machine, and engine trouble developed. They had to make a forced landing in very

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